Brand-New 9-Plex Corner-Lot Development | Riverdale, Edmonton
Protected Asset in a Zero-Competition Zone. Secure a rare, brand-new 9-plex on a prime corner lot in Edmonton’s historic Riverdale neighborhood—where strict zoning prevents new apartment construction, safeguarding your rental demand and capital growth long-term.
Financial Summary & Asset Highlights
- Purchase Price: $2,740,000
- Construction Status: 70% Built (Handed Over Fully Complete)
- Down Payment Option: 5% Down Payment
- Projected Annual Cash Flow: ~$29,000 / Year
- Cap Rate: 5.6%
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The Riverdale Advantage: Protected Competitive Moat
Most rental markets face continuous risk from new supply. Riverdale is built differently, providing investors with an inherent competitive moat:
- Strict Zoning Protection: Edmonton’s Riverdale neighborhood restricts new multi-unit apartment construction. Strict zoning laws ensure no new competition can be built next to your property.
- Protected Tenant Demand: Limited supply paired with high demand creates permanent scarcity, keeping tenant demand high and rental growth protected.
- Downtown Professional Tenant Base: Steps from downtown Edmonton, attracting high-earning, reliable professionals willing to pay premium rental rates.
Property Features & High-Yield Location Advantages
Rare Corner Lot Position
A purpose-built 9-plex positioned on a prominent corner lot, delivering maximum curb appeal, enhanced natural light, and convenient access for all residents.
Walkable Lifestyle Corridors
Situated in the vibrant heart of Riverdale, tenants enjoy immediate access to local favorites like Dog Patch Bistro Pub, Bread & Butter Bakery, and Little Brick Café.
River Valley & Active Recreation
Located just steps from the North Saskatchewan River valley trails and green spaces, offering residents an unparalleled outdoor lifestyle minutes from the city center.
Request the Confidential Offering & Pro Forma Package
Janak Singh Chhabra
Sales Representative
